Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF) Stock Price Breaks Below Fifty Day Moving Average – What’s Next?

Shares of Virtus Stone Harbor Emerging Markets Income Fund (NYSE:EDF – Get Free Report) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $5.03 and traded as low as $4.35. Virtus Stone Harbor Emerging Markets Income Fund shares last traded at $4.38, with a volume of 116,364 shares traded.

Virtus Stone Harbor Emerging Markets Income Fund Price Performance

The company’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $5.21.

Virtus Stone Harbor Emerging Markets Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 27th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 16.4%. The ex-dividend date is Thursday, November 12th.

Institutional Trading of Virtus Stone Harbor Emerging Markets Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of EDF. Focus Financial Network Inc. bought a new position in Virtus Stone Harbor Emerging Markets Income Fund in the 3rd quarter valued at about $76,000. Baird Financial Group Inc. lifted its position in Virtus Stone Harbor Emerging Markets Income Fund by 2.0% during the second quarter. Baird Financial Group Inc. now owns 202,214 shares of the company’s stock worth $1,128,000 after acquiring an additional 3,953 shares during the last quarter. HighTower Advisors LLC lifted its position in Virtus Stone Harbor Emerging Markets Income Fund by 688.5% during the second quarter. HighTower Advisors LLC now owns 107,652 shares of the company’s stock worth $601,000 after acquiring an additional 94,000 shares during the last quarter. Ameritas Advisory Services LLC boosted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 93.9% during the second quarter. Ameritas Advisory Services LLC now owns 21,027 shares of the company’s stock worth $117,000 after acquiring an additional 10,184 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in shares of Virtus Stone Harbor Emerging Markets Income Fund by 8.9% during the second quarter. Wedbush Securities Inc. now owns 222,779 shares of the company’s stock worth $1,243,000 after acquiring an additional 18,296 shares during the period.

Virtus Stone Harbor Emerging Markets Income Fund Company Profile

(Get Free Report)

Virtus Stone Harbor Emerging Markets Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol EDF. The fund seeks to provide investors with a high level of current income, with capital appreciation as a secondary objective, by investing primarily in debt securities issued by emerging-market governments, government-related entities and corporations.

The fund’s portfolio may include bonds and other fixed-income instruments denominated in U.S. dollars and local currencies.

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